Contract By definition under Sec 2(h) Contract Act 1950‚ “an agreement enforceable by law is a contract”. A contract is a promise or agreement between two or more parties that is enforced by law to be legally binding. It may involve a duty to do or refrain from doing something‚ and the failure to perform such duty is a breach of contract. The role of law in a contract is not to punish the breaching party but to provide remedies to restore the person wronged to the position they ought to occupy if
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losing party would be subject to very harsh and unreasonable bc the contract was unenforced Categories of illegal agreements 1)that violate statutes (break laws or are directly assisting in broken laws) 2)violate public policy 3)unconscionable agreements and contracts of adhesion Noncompetition clauses 1) Clause must serve a legitimate business purpose 2) The restriction on competition must be reasonable in time‚ geographic area and scope.3) The clause should not impose any undue hardship.. -Very
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Re: Applicable Employment Laws for Landslide Limousines Dear Mr. Stonefield‚ As per our conversation‚ I understand that you want to start a Limousine Service with 25 employees on your first year of business. During my research I found that there are applicable laws for the State of Texas. There are 5 specific laws that needs to be address in order to having a successful business. In this memo we will provide your company a brief description of the employment laws that should be implemented
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CONTRACT & AGENCY LAW END-OF-COURSE ASSESSMENT JULY 2012 PRESENTATION Submission Date : 08 Sept 2012 Question 1: Legal issues: As there are different parts to “Clause 8” in the employment contract which Julia as an employee has signed with Calypso Private Limited‚ we shall examine four separate legal issues. The first legal issue is whether Calypso is able to enforce part (a) of Clause 8 which states that Julia shall not be directly or indirectly
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a judge‚ will most likely apply the statute. A state constitution is supreme within the state’s borders. True A state law that conflicts with the U.S. Constitution will be deemed unconstitutional. TRUE A substantive law creates or defines legal rights and obligations. True As a judge‚ Jay applies common law rules. These rules develop from
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PLAN First of all‚ I will introduce the origins of contract law in business law. Secondly‚ briefing the basic requirement of the formation of a contract such as offer because to understand an offer is the first step in the formation of a contract. As well‚ states others formation of the contract: an intention of the parties‚ acceptance‚ legality‚ capacity and consideration roughly. The supporting example of cases will be given. Furthermore‚ I will explain how to determine the formation of a contract
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USIU BUS 3010 BUSINESS LAW LAW AGENCY NOTES AGENCY LAW The law of agency in Kenya is basically that of the English Common Law. It deals with the relationships that arise when one person‚ the agent‚ is used by another‚ the principal‚ to perform certain tasks on his behalf. CREATION OF THE AGENCY RELATIONSHIP Agency may be created in four ways namely‚ i. By contract ii. By Ratification iii. By Estoppel iv. By operation of the law Agency by Contract This may either be by express contract
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Title Course Instructor Date Women’s Progression Through Employment and Labor Laws The United States of America is known as the land of the free and home of the brave. Americans are privileged to live in a society where there are laws created and continuously enforced to ensure the protection of the citizens’ rights. Law-breakers have consequences and punished for their wrongdoings and not obeying the law. The government is expected and challenged to practice equality in all decisions
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Structure: 1. Introduction：what happened to the news of the world‚ and its brief impact 100 2. Body: 2.1 Question 1:using ethical theories and frameworks. Key ethical issues in the news of the world 850 words Utilitarianism‚ deontology etc. 2.2 Question 2: corporate governance and accountability‚ to what extent the news of the world failed. 450 words Developing cultures‚ code of conducts‚ ethical leadership 2.3 Question 3: Three practices to consider to avoid (what should have done to the
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THE UNWRITTEN LAWS OF BUSINESS Excerpts taken from the book ‘THE UNWRITTEN LAWS OF BUSINESS’ written by W.J.King THE UNWRITTEN LAWS OF BUSINESS FOR THE BEGINNER IN RELATION TO WORK 1. 2. 3. 4. 5. However mental and trivial your early assignment may appear‚ give them your best efforts. Demonstrate the ability to get things done. Do not wait passively for anyone….. go after them and keep relentlessly after them. Confirm your instructions and the other person’s commitments in writing. When sent out
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